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Revision as of 20:00, 28 August 2015 editAcolliercsgf (talk | contribs)6 edits This doesn't have anything to do with CSGF and was written by an anti-reform education blogger.← Previous edit Revision as of 20:00, 28 August 2015 edit undoAcolliercsgf (talk | contribs)6 edits This does not reflect CSGF recent grants receivedTag: section blankingNext edit →
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The '''Charter Fund Inc.''' doing business as the '''Charter School Growth Fund'''<ref>{{cite web|last1=Bill & Melinda Gates Foundation|title=HOW WE WORK - GRANT|url=http://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2011/11/OPP1031378|website=gatesfoundation.org|publisher=Bill & Melinda Gates Foundation|accessdate=June 27, 2015|date=November 2011}}</ref> is a ]<ref>{{cite web|last1=Auge|first1=Karen|title=Walton Family Foundation awards Denver $8M for school reform|url=http://www.denverpost.com/ci_20249547/walton-family-foundation-awards-denver-8m-school-reform|website=Denverpost.com|publisher=The Denver Post|accessdate=June 27, 2015|date=March 25, 2012}}</ref>-based nonprofit "philanthropic" ] fund that supports the growth of public for-profit ]s. CSGF "invests in the highest-performing charter school operators, allowing small schools to expand into multi-school networks. Since 2006, the group has awarded between $160 million to $170 million in grants and loans."<ref>{{cite web|last1=Borg|first1=Linda|title=Cumberland’s Blackstone Valley Prep wins $2.2-million grant to expand its charter school network|url=http://www.providencejournal.com/article/20131106/News/311069897|website=providencejournal.com|publisher=Gateouse Media, Inc.|accessdate=June 27, 2015|date=November 6, 2013}}</ref> The '''Charter Fund Inc.''' doing business as the '''Charter School Growth Fund'''<ref>{{cite web|last1=Bill & Melinda Gates Foundation|title=HOW WE WORK - GRANT|url=http://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2011/11/OPP1031378|website=gatesfoundation.org|publisher=Bill & Melinda Gates Foundation|accessdate=June 27, 2015|date=November 2011}}</ref> is a ]<ref>{{cite web|last1=Auge|first1=Karen|title=Walton Family Foundation awards Denver $8M for school reform|url=http://www.denverpost.com/ci_20249547/walton-family-foundation-awards-denver-8m-school-reform|website=Denverpost.com|publisher=The Denver Post|accessdate=June 27, 2015|date=March 25, 2012}}</ref>-based nonprofit "philanthropic" ] fund that supports the growth of public for-profit ]s. CSGF "invests in the highest-performing charter school operators, allowing small schools to expand into multi-school networks. Since 2006, the group has awarded between $160 million to $170 million in grants and loans."<ref>{{cite web|last1=Borg|first1=Linda|title=Cumberland’s Blackstone Valley Prep wins $2.2-million grant to expand its charter school network|url=http://www.providencejournal.com/article/20131106/News/311069897|website=providencejournal.com|publisher=Gateouse Media, Inc.|accessdate=June 27, 2015|date=November 6, 2013}}</ref>

==Funding==
These are among funds received:
* a 1,250,000 million dollar grant from the ] in 2011.<ref>{{cite web|last1=Bill & Melinda Gates Foundation|title=HOW WE WORK - GRANT|url=http://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2011/11/OPP1031378|website=gatesfoundation.org|publisher=Bill & Melinda Gates Foundation|accessdate=June 27, 2015|date=November 2011}}</ref>
* a recurring $3 million grant from the ] since 2006 (as of April 2014).<ref>http://www.insidephilanthropy.com/charter-school-grants/bradley-foundation-grants-for-charter-schools.html</ref>
* 101.6 million dollars from the ].<ref>{{cite news|last1=Rich|first1=Motoko|title=A Walmart Fortune, Spreading Charter Schools|url=http://www.nytimes.com/2014/04/26/us/a-walmart-fortune-spreading-charter-schools.html|accessdate=June 27, 2015|publisher=The New York Times|date=April 25, 2014}}</ref>


==Grants and lending== ==Grants and lending==

Revision as of 20:00, 28 August 2015

Charter Fund Inc. dba Charter School Growth Fund
Company typePrivate
IndustryVenture capital
Founded2006 Edit this on Wikidata
HeadquartersBroomfield, Colorado, U.S.
Area servedNorth America
Key peopleBoard of Directors:
Kevin Hall,
Greg Penner,
John J. Fisher,
Allan Golston,
Michael W. Grebe,
Mason Hawkins,
Carrie Walton Penner,
James Rahn,
Stacy Schusterman
Websitechartergrowthfund.org

The Charter Fund Inc. doing business as the Charter School Growth Fund is a Broomfield, Colorado-based nonprofit "philanthropic" venture capital fund that supports the growth of public for-profit charter schools. CSGF "invests in the highest-performing charter school operators, allowing small schools to expand into multi-school networks. Since 2006, the group has awarded between $160 million to $170 million in grants and loans."

Grants and lending

CSGF provides facility financing to charter schools. "Loans through CSGF are provided at better rates and with faster turnarounds than charters can find on their own. The facilities fund is expected to provide millions of dollars in facilities financing to ventures through the refinancing of loans and the recycling of capital to new lenders over the fund’s 10-year lifetime." CSGF provides financing, strategic advice, and additional resources and helps "portfolio members" open more schools.

Investments

Dreambox Learning was acquired by CHGF in 2010. Dreambox was heavily funded through venture capital contributed by Reed Hastings, John Doerr, Deborah Quazzo (founder and managing partner at GSV Advisors), and GSV Capital.

Governance

See also

References

  1. Bill & Melinda Gates Foundation (November 2011). "HOW WE WORK - GRANT". gatesfoundation.org. Bill & Melinda Gates Foundation. Retrieved June 27, 2015.
  2. Auge, Karen (March 25, 2012). "Walton Family Foundation awards Denver $8M for school reform". Denverpost.com. The Denver Post. Retrieved June 27, 2015.
  3. Borg, Linda (November 6, 2013). "Cumberland's Blackstone Valley Prep wins $2.2-million grant to expand its charter school network". providencejournal.com. Gateouse Media, Inc. Retrieved June 27, 2015.
  4. Wan, Tony (Dec 17, 2013). "Netflix' Reed Hastings Leads $14.5M Series A1 for DreamBox". edSurge. Retrieved Mar 26, 2014.
  5. Cook, John (Dec 17, 2013). "Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning". Geekwire. Retrieved Mar 26, 2014.
  6. http://www.vcnewsdaily.com/access/getarticle.php?aid=yzqcfjzlvv
  7. http://www.insidephilanthropy.com/home/2014/2/14/this-quiet-walton-heir-is-an-uber-education-policy-wonk.html
  8. http://www.insidephilanthropy.com/insider-guide-to-program-offic/greg-penner-charter-school-growth-fund.html
  9. Williams, Tate (September 17, 2014). "Fisher Philanthropy: The Three Gap Heirs Are Giving Away a Fortune". Inside Philanthropy. Retrieved June 27, 2015.
  10. Ovide, Shira (November 23, 2011). "What Would Your Family Do With $7 Billion?". The Wall Street Jourmal. Dow Jones & Company, Inc. Retrieved June 27, 2015.
  11. MO Harris Bradley Center. "BMO Harris Bradley Center". BMOHarrisBradleyCenter.com. BMO Harris Bradley Center. Retrieved June 26, 2015.
  12. Drier, Peter (March 2, 2013). "Why Are Walmart Billionaires Bankrolling Phony School 'Reform' In LA?". billmoyers.com. Public Affairs Television, Inc. Retrieved June 27, 2015.
  13. Inside Philanthropy (2014). "James C. Rahn, The Kern Family Foundation". Inside Philanthropy. Inside Philanthropy. Retrieved June 27, 2015.
  14. Ovide, Shira (November 23, 2011). "What Would Your Family Do With $7 Billion?". The Wall Street Jourmal. Dow Jones & Company, Inc. Retrieved June 27, 2015.

External links

Private equity and venture capital investment firms
Investment strategy
History
Investors
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